Why not? Isn't the objective of trading to make money? Mind you Seykota says you get what you want out of the market so maybe you are happy losing for what ever reason.
How do you know your reality is right though ? You just got your reality from studying economics however economics isn't a science, it's made up.
It’s a combination of training and experience. I worked as a trader and PM for banks and hedge funds (8+ years in the industry, trading as a kid through school for 4 years, so approx 14-15 years of trading experience both retail and institutional). While at banks I went through their training programs and then applied it. While at funds we went next level. Foundational stuff taught begun with Fama & French (both won Nobel prizes in their work) but that’s like 3 paragraphs out of years of training, most of it is understanding market anomalies (things that should not exist in strong form EMH but do, and the rationale behind them e.g. slow diffusion of information, etc.), market structure with a focus on trading frictions, flow models, and liquidity. I am not discounting finding meaning in a price, like I said, my contention with Brooks is that what he teaches is so far off what actual market participants know/think/do, and his analysis is not robust. My recommendation if you want to be a successful trader is to first know what the market knows (e.g. learn how to think like a trader or PM) and then apply your analysis to generate your insights and trading decisions.
He, i.e. longandshort doesn't know IMO. Actually, he appears to be quite ignorant about how markets really work. Nor does he know what Brooks teaches simply because he has never studied Brooks nor put into practice the concepts Brooks teaches. If I remember correctly he stated he just skimmed one of Brooks book. His mind is made up. He doesn’t seem to be teachable. I don't think he is open minded. Nor does it appear he even want to learn. He ought to know I have posted many charts in my journal. He is here because he apparently has an axe to grind against Brooks….and may be also trying to promote his so-called “trading knowledge” to either sell something or get folks to give him money to manage. He is a follower of Fama. Believes strongly in EMH, Brownian BS, and Randomness. I wouldn't give him $10.00 to manage. I just don’t think I will waste any more time discussing issues with him. IMO he is acting more like a troll. $17 mm?? Seriously?.. ROFLMAO.